Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Mr. Cooper Group Inc. | d655028d8k.htm |
Exhibit 99.1
WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED BALANCE SHEET
AS OF NOVEMBER 30, 2013
(in thousands, except share data)
| ASSETS | ||||
| Investments held in trust, at fair value: |
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| Fixed-maturity securities |
$ | 163,884 | ||
| Cash equivalents held in trust |
17,344 | |||
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| Total investments held in trust |
181,228 | |||
| Cash and cash equivalents |
3,666 | |||
| Fixed-maturity securities, at fair value |
7,586 | |||
| Accrued investment income |
822 | |||
| Premiums receivable |
945 | |||
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| Total assets |
$ | 194,247 | ||
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| LIABILITIES AND STOCKHOLDER’S EQUITY | ||||
| Liabilities: |
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| Losses and loss adjustment expenses |
$ | 44,258 | ||
| Losses payable |
2,764 | |||
| Unearned premiums |
1,429 | |||
| Accrued ceding commission expense |
98 | |||
| Other liabilities |
205 | |||
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| Total liabilities |
48,754 | |||
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| Stockholder’s equity: |
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| Common stock, $1 par value; 1,000 shares issued and outstanding |
1 | |||
| Additional paid-in capital |
69,879 | |||
| Retained earnings |
75,613 | |||
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| Total stockholder’s equity |
145,493 | |||
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| Total liabilities and stockholder’s equity |
$ | 194,247 | ||
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WM MORTGAGE REINSURANCE COMPANY, INC.
UNAUDITED CONDENSED STATEMENT OF OPERATIONS
FOR THE MONTH ENDED NOVEMBER 30, 2013
(in thousands)
| Revenues: |
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| Premiums earned |
$ | 941 | ||
| Net investment income |
44 | |||
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| Total revenues |
985 | |||
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| Expenses: |
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| Underwriting Expenses |
825 | |||
| General and administrative expenses |
189 | |||
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| Total expenses |
1,014 | |||
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| (Loss) income before federal income taxes |
(29 | ) | ||
| Federal income tax benefit |
— | |||
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| Net (loss) income |
$ | (29 | ) | |
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